Hurley says that traditional broadcasters have business models that are crumbling and viewers are increasingly expecting to choose the content they watch on-demand and online. He also believes that online video streaming sites, such as YouTube, will become more aggressive in pursuing the rights to broadcast live sports and other events.

"I definitely think we are in a global consumer environment now," said Hurley. "I think the business models are breaking down and the companies that are going to win in this new world are the ones that make it as easy as possible for the consumers to consume the content wherever and whenever they want."

He also believes that media players need to work with online companies in order to create revenue opportunities rather than trying to fight progress.

"At this point maybe they are all continuing to try and lock things down, but I really do believe there is going to be a new service or company that comes along at some point and just starts to remove those barriers and will attract lots of customers all over the world," Hurley added.

Moisture content of the air can attenuate VHF and UHF frequencies though UHF will be affected much more than VHF. This can cause stations to drop out for a moment during heavy rain events. An attic mounted antenna will see even more attenuation due to the water sheeting on the roof.

So yes, rain can have an effect on your ability to receive a broadcast TV transmission.

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